From NEP-HIS Blog: ‘The market turn: From social democracy to market liberalism’, by Avner Offer

The market turn: From social democracy to market liberalism By Avner Offer, All Souls College, University of Oxford (avner.offer@all-souls.ox.ac.uk) Abstract: Social democracy and market liberalism offered different solutions to the same problem: how to provide for life-cycle dependency. Social democracy makes lateral transfers from producers to dependents by means of progressive taxation. Market liberalism uses […]

via How do we eliminate wealth inequality and financial fragility? — The NEP-HIS Blog

From VOX – British wellbeing 1780-1850: Measuring the impact of industrialisation on wages, health, inequality, and working time

by Daniel Gallardo Albarrán, appeared on 22nd May 2016

http://voxeu.org/article/british-wellbeing-1780-1850-impact-industrialisation

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Repost – Gentlemen and capitalism: some questions

by Dave Postles, University of Hertfordshire

Consequent upon Wiener’s and Rubinstein’s research respectively into culture and industrial capital and ‘men of wealth’, Cain et al. embarked upon the elucidation of ‘gentlemanly capitalism’, which has become a paradigm of English entrepreneurship, status and the performance of the economy.(1) Perhaps, however, we can illustrate a dichotomy by reference to contemporary literature and ethnographic writing. Ostensibly, Henry Wilcox represents this ethos of gentlemanly capitalism, although his company is a commercial enterprise rather than industrial. We should recollect, however, that, although he purchased the Onibury estate (Clun, Shropshire), he really was not enamoured of the countryside, visited the estate rarely, and abandoned it when an unpleasant incident occurred there. Nor was he especially attracted to his wife’s Howards End. His countenance of both arose from expectations of status and family rather than a desire to enjoy the lifestyle of the country elite. His natural environment was the City.(2) In contrast, Jack London excoriated the 400,000 gentlemen in the 1881 census, ‘of no occupation’ and ‘unprofitable’.(3) Such a number could not have been composed of either retired industrialists or ‘men of wealth’.

Read the full article here: http://davelinux.info/wordpress/?p=32b1bb2b9a79a7a81b8033e6a9e8a9fd33

 

From WSJ – The Fall of the Unions Paved the Way for Donald Trump

Working-class whites once had a political home at the union hall; now they’ve found solidarity in a new populist movement

“There are two great material tasks in life,” declared John L. Lewis, the autocratic yet beloved head of the powerful United Mine Workers, to his followers during the 1940 presidential campaign. “The first is to achieve or acquire something of value or something that is desirable…The second task is to prevent some scoundrel from taking it away from you.”

The cheers and loyalty that such sentiments long evoked across the Rust Belt are worth recalling in the wake of Donald Trump’s shocking victory. Pundits across the ideological spectrum are busily repeating the obvious: White working-class men and women vented their frustrations at global elites, well-educated liberals, a condescending media and a capable but sometimes dissembling Democratic candidate in a pantsuit.

You can read the rest of the article on the Wall Street Journal online:

http://www.wsj.com/articles/the-fall-of-the-unions-paved-the-way-for-donald-trump-1478886094

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